Critics Claim Alaskan Film Industry In Jeopardy if Bill Passes
ANCHORAGE - The Alaska Film Group is sending out a call to action against house bill 112. The bill would repeal the states current film tax credit program.
The tax incentive program has $300 million dollars in operating costs and offers production companies up to 44 percent in transferable tax credit.
According to reports the bill looks to repeal the program on grounds that the money could be better spent elsewhere.
D.K. Johnston of Alaska Filmmakers says the bill is "causing a very negative affect for those who are looking for a stable environment."
Representative Bill Stolze, sponsor of the bill in a press release said "the jobs created by this program are often temporary...i think we owe it to ourselves to ask the question is our investment a good one?
Johnston says he has benefit from the program and sees other filmmakers do the same.
"its a different influx of revenue into the state and its allowing not only new businesses to come in but current businesses who have already been involved to expand and grow," said Johnston.
By the looks of your TV-guide there is no denying the lure of Alaska's majestic beauty serving as a natural backdrop for Hollywood entrepreneurs.
Tonight on Your Alaska Link